The nation state has reserved the right and legal power of creating money, currency and financial credit for itself. The life blood of a nation’s economy is money. Wealth on the other hand results from labour, innovation, entrepreneurship and generally from nature’s bounty. Capital does not create wealth. Capital is a form of wealth which when invested; put to work, creates more wealth when applied in conjunction with labour, innovation, entrepreneurship, industry and nature’s bounty.
Commonwealth is a social construct where the collective community benefits through the work of both the community working in concert and inspiration from the work of individuals giving back into the community. The action and institution of commonwealth is a methodology to ease or lighten the social burden, insecurity and negative forces being brought to bear upon the community and upon individuals within the collective.
Areas where Commonwealth Easement may have a positive outcome are on the individual and community financial and social debt-load, the indenture or financial slavery of individuals and institutions of the community. This institutionalized servitude to banking infrastructures is a form of social cancer. This financial pyramid forms an amorphous class which bleeds into every institution and sector of society.
Commonwealth Easement can reverse the forces which cause the encumbrance of family and individual assets within the banking operating model. If left to its own devices the financial octopus of the one percent financial elite eventually vacuums up all money and currency within an economy resulting in the enslavement of individuals, firms and communities. These financial and banking forces, not bad in themselves, but if not neutralized are the dominant cause of mounting inequality and misery within the societies of the nations which won the cold war.
The banking and financial elites invest these monetary assets for their own benefit in speculative real estate, equity markets and other financial markets. They rarely have invested for the benefit of the commonwealth although individual elites have conspicuously done so. External social forces may break this human engineered or designed system where the rich get richer and the poor get poorer. Historic forces such as recessions, financial crisis, rebellions, and war reset or reboot this financial system, consuming wealth from the pyramids top and so the process starts all over again when the social crisis ends.
In order to fight and win the cold war, it was necessity to create the welfare state in the West. Thus by redistributing wealth away from the financial pyramid owned by the elite back into the social collective of the western nations fighting the Cold War and also by spreading abroad and into the Third World financial assets, war materials, know how, allowing entrance into the west’s previously closed economic clubs and through the introduction of social improvements, innovations and standards of living similar to those found in western society, the Cold War was won by simply bankrupting the Soviet Union.
The period from 1946 to 1987 was the greatest period of wealth building, middle class building and the fastest economic growth period the world’s economy has ever seen. This was mainly due to the redistribution of wealth back into system. The fall of the Soviet Union and the emergence of a capitalist fascist state in China removed the imminent threat of the Cold War. So the need of the welfare state and it’s intricate redistribution mechanisms was allowed deliberately to decay and atrophy. This dismantlement of the welfare state during the 1990’s together with the rebirth and spread of 19th century style mercantile ‘robber’ corporations, hidden below the mantle of Free Trade agreements, there was caused a precipitous fall in wealth redistribution, a steep emergence of inequality in the 2000’s, a steady growth in numbers of the working poor and a steady decline of the middle class numbers as their standard of living steadily fell toward the levels last seen prior to the World Wars in the last century.
There are two Positive Money Banking or Quantitative Easement for People features which are the focus of our planning and industry. The purpose of this social or community movement is to adapt the strengths of the banking system for the welfare of the Commonwealth. First, a small business investment bank which shall return independence to the independent business person and their family firm by wrenching from the grasp of charter banks and near commercial banks their encumbered assets. Second, a redefining of the student education loan debt from a short term unsecured consumer loan to a long term secured investment loan shall restore equilibrium to the normal cycles in the economy for this sector.
Remember, Canada’s young people were encouraged to invest in their own and their families futures, which incidentally is also the future of the nation itself, by accessing government loans. Therefore the Student Education Loans should be considered a social investment by the nation both in theory and in reality.